Assuming michael can borrow up to 70 percent of the market, Financial Management

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Assuming michael can borrow up to 70 percent of the market

A few years ago, Michael Tucker purchased a home for $129000. Today the home is worth $154000. His remaining mortgage balance is $48000.

Assuming Michael can borrow up to 70 percent of the market value of his home, what is the maximum amount he can borrow?

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Financial Management: Assuming michael can borrow up to 70 percent of the market

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Financial Management: Assuming michael can borrow up to 70 percent of the market

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